UEMLAND used to be a great stock for trading but since mid of June 2009 it like been ignored by the market. Been sleeping but so sudden on the last two days, it become active and alive again. Must be something on the news (see at the bottom).

above: UEMLAND daily chart (click to enlarge)

The two days bullish bar with high volume, is it a signal for longer uptrend ahead? Looking at the chart with sudden upsurge, I prefer to let it corrected first for confirmation (it's kind of the handle for the cup in a cup chart pattern). RM1.55 - 1.50 price zone is the new support zone that it need to confirm first (you only can tell after correction from the hike) for buy signal. It doesn't matter even it run ahead, there should be correction or dip later for entry. I am trying to avoid few days flashing stock and then corrected or sideways for a long period. RM1.38 zone is the previous strong support zone which it shouldn't revisited if it really going into bullish mode.

The reason for these 2 days interest: Bina Puri: RM1.1bn LCCT job almost in the bag Bina Puri Holdings Bhd, together with its joint-venture partner UEM Group Bhd, is close to securing the third package of Malaysia Airport Holdings Bhd’s (MAHB) new low-cost carrier terminal (LCCT) worth some RM1.1bn, sources say. The JV is expected to receive the letter of award soon. The new project would be a boost to Bina Puri’s future earnings and order book which currently stands at RM2.3bn, stretching over the next three years. (The Edge)Read more here: Is it true Bina Puri - UEMLand to clinch RM1.1b LCCT?

UEMLAND used to be a great stock for trading but since mid of June 2009 it like been ignored by the market. Been sleeping but so sudden on the last two days, it become active and alive again. Must be something on the news (see at the bottom).

above: UEMLAND daily chart (click to enlarge)

The two days bullish bar with high volume, is it a signal for longer uptrend ahead? Looking at the chart with sudden upsurge, I prefer to let it corrected first for confirmation (it's kind of the handle for the cup in a cup chart pattern). RM1.55 - 1.50 price zone is the new support zone that it need to confirm first (you only can tell after correction from the hike) for buy signal. It doesn't matter even it run ahead, there should be correction or dip later for entry. I am trying to avoid few days flashing stock and then corrected or sideways for a long period. RM1.38 zone is the previous strong support zone which it shouldn't revisited if it really going into bullish mode.

The reason for these 2 days interest: Bina Puri: RM1.1bn LCCT job almost in the bag Bina Puri Holdings Bhd, together with its joint-venture partner UEM Group Bhd, is close to securing the third package of Malaysia Airport Holdings Bhd’s (MAHB) new low-cost carrier terminal (LCCT) worth some RM1.1bn, sources say. The JV is expected to receive the letter of award soon. The new project would be a boost to Bina Puri’s future earnings and order book which currently stands at RM2.3bn, stretching over the next three years. (The Edge)Read more here: Is it true Bina Puri - UEMLand to clinch RM1.1b LCCT?